Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»BNB’s market capitalization surged above $310 as it overturned Solana.
TRADING NEWS

BNB’s market capitalization surged above $310 as it overturned Solana.

By Crypto FlexsDecember 27, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB’s market capitalization surged above 0 as it overturned Solana.
Share
Facebook Twitter LinkedIn Pinterest Email
  • BNB price is trading above $310, up 5% in the last 24 hours and 20% in the past week.
  • With SOL price falling after the recent rally, BNB appears to have overtaken Solana in terms of market capitalization.

BNB is trading up more than 5% in the last 24 hours and more than 20% in the past week as Binance Coin makes a comeback after its recent plunge. This follows the meteoric rise and ultimate flip of Solana’s XRP and BNB, the last price the cryptocurrency reached in April last year.

BNB on Solana

The market value of BNB rose as Solana plummeted as profit-taking increased over the Christmas period. The native Binance coin is currently trading above $310, with the price last seen in June. As of this writing, its market capitalization is $47.9 billion, surpassing Solana, which has plummeted to $46.3 billion.

BNB price is showing potential gains for the first time since it plunged last month following the bombshell resignation of Binance founder and former CEO Changpeng Zhao. BNB also came under downward pressure after the cryptocurrency exchange agreed to a $4.3 billion settlement with US authorities.

This event caused the BNB price to fall from above $266 to below $225, continuing the macro downtrend. Data from markets platform CoinGecko shows the gains have been less notable compared to some of the performance over the past few weeks.

However, with Solana cooling its gains, BNB bulls are looking to retest the year-to-date $350 level. As cryptocurrency analyst Rekt Capital highlighted on December 26, BNB “broke the macro downtrend.” This suggests a potential rally.

$BNB It broke the macro downward trend.#Binance #Cryptocurrency #BNB pic.twitter.com/PnvqNMK2QW

— Rekt Capital (@rektcapital) December 26, 2023

If euphoria over a potential approval for a spot Bitcoin ETF pushes the altcoin higher, BNB bulls could target an all-time high of $686.

As of December 27, the price of BNB was $311, which is about 55% discount from its peak.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How to solve the XPL perp defect

September 26, 2025

Are you doing a fair deal?

September 25, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Amid Record Hash Rate, BTC Price Could Hit $40,000 — 5 Things to Know in Bitcoin This Week

November 27, 2023

British and Colombian cryptocurrency exchanges linked to TD Bank fined

October 14, 2024

Former Alameda CEO Caroline Ellison to be sentenced on September 24 following FTX incident

September 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.